Apple Inc (AAPL)

[JohnSamuel]

14:34 EDT - Citi is expecting forthcoming new products from Apple (AAPL) to be available before the end of this quarter. That's a takeaway it has from the company's $3B F4Q revenue-estimate range. That, the investment bank notes, compares with a $1B range "traditionally seen when Apple is launching a new major product." As for the awaited iPhone 6, Citi is expecting it to be largest-ever phone launch and predicting 140M could be sold the first year--which is still less than half of estimated iPhone users. Helping should be the practice changes US wireless carriers have undertaken the past year, which allow for easier upgrades in many cases. AAPL remains near session highs following its 3Q report, rising 3% to $97.54 in hitting a fresh 2-year high. ([e-mail]; @kevinkingsbury)

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07-23-14 1434ET
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